Today in Politics, Bulletin 141. 5/29/25

Ron Filipkowski May 29 ∙

ALWAYS WORTH READING IN ITS ENTIRETY!  

EXCERPT:

… Reuters: Weekly jobless claims increased from 14,000 to 240,000

• Continuing claims rise 26,000 to 1.919 million

• Corporate profits fall $118.1 billion in first quarter

• Economy contracts at 0.2% rate in Q1 by all measures

… “The number of Americans filing new applications for jobless benefits increased more than expected last week and the unemployment rate appeared to have picked up in May, suggesting layoffs were rising as tariffs cloud the economic outlook. The report from the Labor Department showed a surge in applications in Michigan last week, the nation's motor vehicle assembly hub. The number of people collecting unemployment checks in mid-May was the largest in 3-1/2 years. The outlook for the economy is dimming with other data showing a sharp decline in corporate profits in Q1.”

MIDDLEBORO REVIEW AND SO ON